When it Rains, it Pours: Procyclical Capital Flows and Macroeconomic Policies
收藏NBER2004-09-01 更新2025-01-04 收录
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https://www.nber.org/papers/w10780
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资源简介：
Based on a sample of 104 countries, we document four key stylized facts regarding the interaction between capital flows, fiscal policy, and monetary policy. First, net capital inflows are procyclical (i.e., external borrowing increases in good times and falls in bad times) in most OECD and
提供机构：
美国国家经济研究局
创建时间：
2004-09-01
